News / Deals

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Halifax - Pennine Retail Park

Category: Acquisitions, Investment, 

FWB have acted in the sale of Pennine Retail Park, an edge of centre scheme with B&M as its anchor tenant. The retail park extends to over 3 acres and provides an interesting medium term development opportunity. FWB acted jointly with Acuitus in the sale on behalf of an institutional client.

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Halifax - 12-16 Market Street

Category: General, Investment, 

Acting on behalf of a private investor, FWB have acquired the Heron unit on Market Street in Halifax. The property is let to Heron until 2028.

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Ilkley – Mixed use investment

Category: General, 

FWB have acted in the sale of The Moors and Dalesway House, a substantial mixed use development in the centre of Ilkley. The property has been acquired by Bradford Metropolitan Council at a price over £6M reflecting a yield of circa 7.5%. The property overlooks the main town centre car park and has tenants including Boots Opticians, Specsavers, Edinburgh Woollen Mill and JD Wetherspoon. FWB acted jointly with Roberts Commercial.

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Prime Retail Investment acquired in Harrogate

Category: General, Investment, 

Acting on behalf of Hornbeam and Park Ltd, FWB have acquired 33 James Street, Harrogate. This attractive property stands in a prime positon within the town and is let to Hobbs until 2024. FWB acted jointly with Robbins Associates.

 

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Day Nursery investment

Category: General, Investment, 

FWB have acquired freehold premises in Chipping Norton let to Banana Moon day nursery on behalf of a private investor. The 3,000 sq ft building is home to the nursery and provides indoor and outdoor play and learning facilities.

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Barclays Bank in Harrogate

Category: Investment, General, 

 Acting on behalf of a local property company, FWB has acquired the prominent Barclays Bank on James Street as an investment. The property is let to Barclays for another 8 years and is a key branch for the bank.

 

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Prime Shop investment acquired in Harrogate

Category: General, Investment, 

Acting on behalf of a HNW investor , FWB has acquired the freehold of 48 James Street Harrogate.  The shop which is let to Lakeland is situated in a prime retailing position in Harrogate town centre and provides an excellent return for our client.

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Prime Scarborough bank investment sold. Jan 2018

Category: General, Investment, 

Acting on behalf of a property company , FWB , have sold the Halifax Bank at 92-93 Westborough in Scarborough to a private investor. The property is let to the Halifax for a further 9 years and was sold for a price of £1.2mill reflecting a yield of 7.1%.

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Local investors snap up shops in Hull. Jan 2018

Category: General, Investment, 

FWB have sold three retail investments in Whitefriargate , Hull to local investors. The pedestrianized street is home to M&S , HMV and New Look who sit alongside a number of regional and local occupiers. The buildings let to Card Factory and various local companies, are currently income producing and offer potential for further development with residential uses now reappearing in central Hull.

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Industrial Investment sold ( August 2017)

Category: Investment, General, 

FWB have sold Unit 1 Commondale Road at Euroway Industrial Estate, Bradford of behalf of Bramall and Ogden Ltd. The Minster Insulation depot is situated alongside the M606 and benefits easy access and a good service yard. The investment attracted a large number of offers in what was a very competitive bidding process and a price over £1.7m was achieved.

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Aldham Bridge showroom investment sold ( July 2017)

Category: Investment, General, 

Acting on behalf of Riseholm Properties ltd , Fawley Watson Booth have sold a prominent site comprising former garage showrooms, and workshops on 1.4 acres on Wombwell Lane in Barnsley to a locally based property company at a price in excess of the asking terms . The site is let to a variety of tenants and produces a strong income stream.

 

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Retail investment in Harrogate acquired. ( Dec 2016)

Category: Investment, General, 

 Acting on behalf of a locally based private investor FWB have acquired the freehold of the Jack Wills shop at 24 James Street in Harrogate as a prime investment on an off market deal. The attractive shop sits in a prominent trading position and is let to Jack Wills until 2025.

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Two prime retail investments acquired in Harrogate and Sheffield

Category: General, Latest Deals, 

FWB have recently acquired 7-10 Prospect Crescent in Harrogate for a private investor. The property, let to HSBC for a further 10 years is a spectacular building in the centre of this popular tourist town and provides a secure investment for our clients.

FWB have also acquired the freehold of the Next unit in Fargate, Sheffield on behalf of a property company. The Next unit is in a prime retail position on Fargate and will benefit from the proposed new Sheffield Retail Quarter scheme.

The Works renews at Market Gate Shopping Centre

Category: General, Shopping Centres, Valuations & Lease Advisory, Latest Deals, 

On behalf of Roubaix Asset Management, Martin Foster in our Lease Advisory team has recently completed the renewal of the lease to The Works for another 5 years.  The Lancaster scheme has recently been redeveloped and refurbished and saw the opening of the long awaited new Primark store in August. “The Works recognised the potential of the scheme even in the mist of the building work transforming the old market hall into the Primark store, and were eager to commit to another lease.  The Centre looks well set to capitalise over the next few years.” according to Martin.

Savers renews at The Gates Shopping Centre

Category: Latest Deals, Valuations & Lease Advisory, Shopping Centres, General, 

On behalf of Clearbell Capital Martin Foster in our Lease Advisory team has recently completed the renewal of the lease to Savers for another 5 years.  The Durham scheme is currently in the midst of its transformation to The Riverwalk retail and leisure destination anchored by a 6-screen Odeon cinema. “It’s great news that existing tenants can see the potential of the transformed scheme well over a year to completion and are looking to renew now” according to Martin.

 

Foot Asylum step into Sunderland

Category: Latest Deals, Shopping Centres, General, 

On behalf of AEW, Fawley Watson Booth have agreed the letting of a 2,500 sq ft prime retail unit to Foot Asylum strengthening further the centres fashion offer. 

Poundland, Carlisle relocation

Category: Latest Deals, Shopping Centres, General, 

Poundland have agreed to relocate to 35 Scotch Street on the external frontage to The Lanes.

Prime retail investment acquired

Category: Latest Deals, Investment, General, 

FWB have represented CCLA investment Management (on behalf of the LAMIT Fund) in acquiring 13-17 Coney Street, York. The property occupies a prime position on Coney Street in the heart of this historic City and is let to Waterstones Booksellers, 3 Store and Rituals Cosmetics. The acquisition at £7.6 mill showed an initial yield of 5.4%. 

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